Kraken, one of the largest cryptocurrency exchange in the world have announced that they are now supporting BitTorrent (BTT) trading on their platform.
BTT was one of the four newest tokens to be supported by Kraken and it is tradable against the USD and EUR on both Kraken and Kraken Pro apps.
📢$BTT is now available for trading on @krakenfx!
🏦Kraken is one of the world’s largest digital asset exchanges and the leader in euro volume and liquidity.
✍️Learn more about the listing here: https://t.co/t5F1yZlSaT
💸Trade now on Kraken Exchange:https://t.co/06PSa8A8Np pic.twitter.com/A5AVqgxdkI
— BitTorrent Inc. (@BitTorrent) August 2, 2022
Users would be able to deposit BTT on their accounts within a minimum deposit of 200,000 BTT ($0.20).
BitTorrent’s native token has been widely supported by different digital exchange platforms and it is one of the TRON-based tokens to have a large userbase worldwide.
What is Kraken?
Kraken is the 4th biggest cryptocurrency exchange in the world and it was established in 2011. It is one of the pioneers when it comes to Bitcoin exchanges and currently supports 87 cryptocurrencies, including popular ones such as:
- Bitcoin (BTC)
- Ethereum (ETH)
- Cardano (ADA)
- Dogecoin (DOGE)
- Litecoin (LTC)
- Polkadot (DOT)
- Polygon (MATIC)
- Ripple (XRP)
- Stellar Lumens (XLM)
- Solana (SOL)
- Sushi (SUSHI)
- TRON (TRX)
- Uniswap (UNI)
Asides from the wide range of cryptocurrencies, Kraken allows its users to fund their accounts with traditional currencies such as US Dollars (USD), Euros (EUR), and Canadian Dollars (CAD) just to mention a few.
Besides buying/selling cryptocurrencies and staking features, Kraken is also known for its advanced trading options such as Margin, Indices, and Futures Trading.
What is BitTorrent?
BitTorrent is based in San Francisco and was founded on September 22, 2004, by Bram Cohen and Ashwin Navin. It is the largest decentralized P2P communications protocol for distributing data and large files over the Internet.
🔥Total Contracts created on #BTFS exceeded 78 million！
💻#BTFS is the first scalable decentralized storage system based on 2 billion #BitTorrent users.
⛏️How to use #BTFS to earn #BTT: https://t.co/ipVbAOSL6b
📍Source: https://t.co/9mnSEX8TnB pic.twitter.com/xenhTGStgW
— BitTorrent Inc. (@BitTorrent) August 1, 2022
In 2018, BitTorrent was acquired by TRON Foundation and continued to provide support for their BitTorrent and uTorrent clients.
Last December 2021, BitTorrent announced that they were launching the first scalable heterogeneous cross-chain interoperability protocol called BitTorrent Chain and this has resulted in the BTT redenomination plan that led to the creation of the BTTC which was the new native token of the BitTorrent platform.
BitTorrent native token has been getting a lot of support lately from different digital asset exchanges/platforms and you’ll be seeing more of BTT being listed again in the next following weeks or months.
For more news and updates, see Tron Spark.